Plain English Breakdown
The effective date is listed as a purpose of the bill ('to provide an effective date') but no specific date was found in the provided metadata or summary text.
End Home Poaching Act
This bill prohibits institutional investors and other enterprises from owning more than 2,000 single-family residences in Georgia.
What This Bill Does
- Prohibits institutional investors and other enterprises from obtaining, owning, or possessing an interest in more than 2,000 single-family residences.
- Creates a private cause of action against entities that violate the ownership limit on single-family homes.
- Amends Chapter 3 of Title 44 of the Official Code of Georgia Annotated regarding specialized land transactions.
- Repeals any existing laws that conflict with this new rule.
Who It Names or Affects
- Institutional investors
- Enterprises seeking to own single-family residences
Limits and Unknowns
- The official summary does not specify the exact date this law will take effect.
- The source material does not define exactly which types of companies count as 'other enterprises' beyond institutional investors.